Review on Tether by Praise Olagbadun
Tether Has Always Tried To Remain Stable
Tether is a stable coin that has been designed to have a fixed market value of $1.00 and these type of coins are referred to as pioneers of a hybrid class of a Blockchain. It is an unregulated cryptocurrency token that was issued on the Bitcoin Blockchain through the Omni Layer protocol and was dispatched in the year 2
Although there were times Tether fell to about $0.9, it rose immediately and that has kept it at the position of being one of the stable coins in the market. There are no restrictions to this coin as Tether can be used in any part whatsoever around the
The coin has gained it's safety due to the fact that it was designed to worth $
Pros
- A stable coin
- Does not experience volatility
Cons
- Not an option for investment as it's price is fixed
